5,476 Shares in The AZEK Company Inc. (NYSE:AZEK) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in shares of The AZEK Company Inc. (NYSE:AZEK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,476 shares of the company’s stock, valued at approximately $256,000.

A number of other large investors have also recently modified their holdings of the business. Equitable Trust Co. boosted its holdings in shares of AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after purchasing an additional 226 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of AZEK by 3.7% in the 1st quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock valued at $355,000 after purchasing an additional 251 shares in the last quarter. Creative Planning boosted its holdings in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares in the last quarter. Covestor Ltd boosted its holdings in shares of AZEK by 18.8% in the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after purchasing an additional 436 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of AZEK by 106.4% in the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

AZEK Stock Performance

AZEK stock opened at $53.34 on Tuesday. The stock has a 50-day moving average price of $45.59 and a 200-day moving average price of $44.33. The AZEK Company Inc. has a 1-year low of $31.17 and a 1-year high of $54.16. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7.72 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 2.29 and a beta of 1.88.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AZEK. Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on AZEK from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Robert W. Baird increased their price target on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.82.

AZEK Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.